Teacher Retirement System of Texas Sells 17,964 Shares of Autoliv, Inc. (NYSE:ALV)

Teacher Retirement System of Texas trimmed its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,483 shares of the auto parts company’s stock after selling 17,964 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of Autoliv worth $7,361,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 159 shares during the last quarter. AlphaQuest LLC grew its holdings in Autoliv by 74.4% during the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 134 shares during the last quarter. Fred Alger Management LLC bought a new stake in Autoliv during the 3rd quarter worth approximately $45,000. Twin Tree Management LP bought a new stake in Autoliv during the 4th quarter worth approximately $50,000. Finally, CIBC Asset Management Inc grew its holdings in Autoliv by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after acquiring an additional 124 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ALV shares. Mizuho reduced their price objective on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. TD Cowen started coverage on shares of Autoliv in a research note on Friday, March 7th. They issued a “buy” rating and a $116.00 price objective on the stock. Pareto Securities lowered shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. Daiwa America raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a research note on Tuesday, January 7th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.14.

Autoliv Price Performance

ALV stock opened at $89.39 on Friday. Autoliv, Inc. has a 52-week low of $87.55 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The business has a 50-day simple moving average of $95.97 and a two-hundred day simple moving average of $95.77. The company has a market capitalization of $6.95 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Research analysts expect that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, March 7th. Autoliv’s payout ratio is currently 34.70%.

Insider Activity at Autoliv

In other news, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the transaction, the chief financial officer now owns 7,261 shares in the company, valued at approximately $720,218.59. This represents a 19.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Per Jonas Jademyr sold 401 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the transaction, the executive vice president now owns 685 shares of the company’s stock, valued at $67,712.25. The trade was a 36.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is owned by insiders.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.